Dogecoin (DOGE) ushered in a golden cross for the first time in four years, can it make a crazy attack on $1?
Dogecoin is about to have a golden cross
Cryptocurrency analyst Kevin (formerly OG Yomi) mentioned in an X (formerly Twitter) post that Dogecoin is two to three weeks away from seeing its first weekly golden cross in four years. The analyst added that the last time Dogecoin saw a weekly golden cross, it had experienced a 6-month price rise that saw it rise by 18,000%.
Dogecoin has yet to show any significant strength in this market cycle so far, even as other leading mee coins like Pepe (PEPE) continue to hit new highs. However, crypto analysts such as Crypto Kaleo assert that the “King of Memes” will not be left behind in this bull run and predict that Dogecoin will still have its days of glory.
Cryptocurrency analyst Javon Marks also recently gave a bullish description of Dogecoin, saying that Dogecoin’s recent pullback looks more like a shock and that Dogecoin is almost ready to rise significantly to $0.6533. Marks claims that this price target is in line with expectations as Dogecoin is well above trend resistance. The analyst added that it is only a matter of time before Dogecoin achieves a price increase of over 378%.
Dogecoin may face one last pullback before rising to $1. He pointed out that based on previous cycles related to Bitcoin halving events, it is “a little early” for Dogecoin to see a “surge”. However, the analyst added that the surge will eventually happen and called on Dogecoin investors to be a little more patient.
